Did I enjoy this article?
Share it with your friends!
A federal judge has eliminated most legal claims filed against several celebrities who once promoted the FTX cryptocurrency platform.
The decision He arrived on May 7 of the American district judge K. Michael Moore.
He decided that the group of investors demanded celebrities He did not provide enough proof that these public figures knew something about the irregularity of FTX before the company collapsara.
Did you know?
Subscribe: We publish new cryptography explanatory videos every week!
5 Best cryptographic portfolio diversification strategies (animated explanation)
The demand originally appointed several celebrities, including the NFL field marshal, Tom Brady, the NBA star Stephen Curry, tennis player Naomi Osaka, television personality Kevin O’Leary, comedian Larry David and the Golden State Warriors basketball team.
They were all Presented in FTX ads or promotions before the company declared bankruptcy at the end of 2022.
Judge Moore declared: “While this behavior shows that the defendants were uninformed, negligent or even reckless, it does not show that the defendants had any knowledge of FTX fraud, nor that they had the necessary intention to deceive or disappoint investors.”
That said, not all legal risks are out of the table. The judge said investors can review their claims and file again. Also, A part of the demand will continue—Clinery, the accusation that celebrities helped promote investment products that were not properly registered with regulators.
Meanwhile, Changpeng “CZ” Zhao recently confirmed that he has asked the president of the United States, Donald Trump, forgiveness. What caused your decision? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been summoned by multiple established means and is an author published. Even during his free time, he likes to investigate market trends and look for the next Supernova.
